Dear CEOs, 

Your banks are in a dangerous relationship with fossil fuel companies, putting our futures in jeopardy and the planet at risk. Now is the time for that relationship to end. 

That’s why we’re calling on the UK’s leading banks to stop financing fossil fuel expansion. 

In 2021, the International Energy Agency – the world’s most influential energy body – announced that there should be no investment in new oil, gas, or coal if we are to limit global temperature rise to 1.5 degrees, meet the Paris Climate Goals and avoid climate catastrophe. Instead, we must focus on phasing out fossil fuels, and the rapid scaling up of a clean energy transition. 

Despite this, your banks – HSBC, Barclays, Santander, NatWest, and Lloyds – funnelled a collective $368 billion into the fossil fuel sector between 2016 and 2021, of which $141bn has gone to the top 50 oil and gas expanders.  

These decisions are not only contradicting our values, they’re also jeopardising our futures.  

That’s why we are asking you to stop financing fossil fuel expansion by taking the following key steps: 

1. Stop directly financing new fossil fuel expansion activity.   
2. Put your existing clients on notice that they must stop their expansion plans or face financing consequences.  
3. End relationships with those clients who do not stop fossil fuel expansion.  

If you fail to act, then we will –  campaigning for you to change, raising awareness with the public, or – for those who haven’t already – moving to a bank that doesn’t finance fossil fuel expansion. 

Do you think your reputation will remain unscathed when we can’t rely on you to protect our futures?  

Don’t bank on it.  

Signed, 

For more information, please feel free to contact David Hayman – david@makemymoneymatter.co.uk